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The energy regulator for Britain, Ofgem, has said it will increase the cap on energy bills from October by 2%, the equivalent of a £35 rise in annual bills for the average home.
Here’s more details of the energy price cap just announced, from Ofgem.
If you are on a standard variable tariff (default tariff) and pay for your electricity by Direct Debit, you will pay on average 26.35p pence per kilowatt hour (kWh). The daily standing charge is 53.68 pence per day. This is based on the average across England, Scotland and Wales and includes VAT.
If you are on a standard variable tariff (default tariff) and pay for your gas by Direct Debit, you will pay on average 6.29 pence per kilowatt hour (kWh). The daily standing charge is 34.03 pence per day. This is based on the average across England, Scotland and Wales and includes VAT.
